In a major step toward improving financial well-being across the UK workforce, CreditLadder and Munny have entered a partnership to help employers empower their workforce by providing them with greater access to credit-building services, financial literacy and financial wellbeing support.
As the cost-of-living crisis continues to affect millions, financial stress has become a growing concern for employees. Recognising this urgent need, both businesses have combined their expertise to offer an innovative, integrated solution to employers to help support the financial health of their employees.
Key Benefits of the Partnership:
1. Access to Credit Building Services
Through this partnership, employers who have signed up for Munny’s financial education will be able to provide their employees with access to CreditLadder, - the UK’s first and biggest Rent Reporting service designed to help tenants improve their credit position. Whether users are looking to establish or rebuild their credit history, the service offers the ability for tenants to report their rent to the UK’s four main credit agencies notably Experian, Equifax, TransUnion and Crediva.
2. Comprehensive Financial Health Resources
Munny brings a wealth of expertise in all aspects of personal financial wellbeing. From budgeting, savings and mortgages, to pensions and future planning. The Munny app provides users with personalised insights, interactive tools, and educational content designed to help users manage their money more effectively and make informed financial decisions.
One of the first to take advantage of the collaboration will be Health Assured – the UK’s largest Employee Assistance Programme (EAP) with over 80,000 business clients. Health Assured started to roll out the offering last month.
Statements from Partners:
Sheraz Dar, CEO of CreditLadder, said:
“We’re thrilled to collaborate with Munny in order to provide UK tenants with a clear path to improved credit. Financial stress often stems from low credit scores or poor financial planning, and our partnership will help remove these barriers, empowering individuals to take control of their financial future.”
Andy Lang, MD of Munny, added:
"Our mission at Munny has always been to empower individuals to take control of their financial well-being, and our partnership with CreditLadder is a natural extension of that goal. By integrating innovative credit-building solutions directly into our app and platform, we're not only helping tenant users track their finances but also actively supporting them in building stronger credit. Together, we're giving people the tools they need to achieve long-term financial stability and unlock new opportunities."